Proceeds will refund the outstanding bonds issued in 2000, pay the cost of 2014 bond issuance and provide for additional proceeds payable to the county as holder of the residual certificate.
John Deere priced a $1 billion securitization of loan contracts on new and used agricultural and construction equipment, according to deal documents.
Moodys Investors Service plans changes to its methodology for rating securities backed by the debt of start up companies that could result in downgrades of up to two notches on outstanding transactions.
Bank of America Merrill Lynch has increased its forecast for issuance of bonds backed by airplane and railcar leases and timeshare loans and other non-traditional asset classes for 2014 by $5 billion to $20 billion.
The revisions would require asset-backed issuers to provide enhanced disclosures including information for certain asset classes about each asset in the underlying pool in a standardized, tagged format and revise the shelf offering process and eligibility criteria for asset-backed securities.
A two-year extension to the deadline for banks to conform CLO holdings to the Volcker Rule doesn't apply to all, the Federal Reserve says.
Despite regulatory hurdles, participants see nothing in the way of issuance reaching $60 billion to $70 billion this year.
Finke says the industry needs to address the lack of understanding about its performance and role in the economy.
Two academics argue that aggreggating standardized assets is key to solar securitization, which can meaningfully reduce funding costs for developers.
Despite pressure from Capitol Hill, regulators are disinclined to allow banks to hold collateralized loan obligations backed by bonds.
Vice President of Regulatory Compliance
Firm: Clayton Holdings
In the news: How Ability-to-Repay Rules Could Reshape RMBS Market
As more and more Chinese gain the financial access to buy a car with a loan, lenders will look increasingly to securitization to keep origination going.Current Issue